To: James Bender who wrote (3790 ) 8/15/1998 9:58:00 PM From: Binder Respond to of 7039
I think it is a disservice to anyone reading this thread (who is not already all too familiar with this stock) to add fuel to the rumor that DF144 or MX153 or whatever is going to be a part of this company. Besides the fact that it is a RUMOR, and there had been nothing concrete from the company neither confirming nor denying it, there are other points to consider: 1) WHY would Spriggs, if his interest were production of this stuff, be coming to Midland, who admittedly has no assets? We are always told to use common sense, and to me, that makes no sense. Maybe its just me. 2) Are we really sure that Spriggs even has rights to this stuff? Are his rights exclusive? Does he share rights with anyone else? 3) Is it even the same stuff? If the name has changed, wouldn't it be safe to assume that the formula has changed at least a little? Would that create the need for more tests, etc...? IMO, if this stuff ever IS produced, it will be tied up in litigation for years. The shareholders of Novagaz, Midland, and anyone else who invested money in "the dream" (or nightmare) have every right to reap the benefit from its production. However, while everyone is in court fighting over it, one of the bog boys will have already come up with their own solution for the replacement of MTBE. Our dumb luck, it will get setteled just when some tree hugger finds something wrong with ethanol and IT gets banned! I think it is wishful thinking. I know, this meeting hasn't happened yet, so we have not heard the whole song. But, the melody is frighteningly familiar. Let's get the black and white, and make sure it's real, because we've all been there, done that, and I don't think ANY of us want to go thru what we've dealt with for the last 3 months again. Just my opinion, back to the other boob tube. <g> Binder